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555 Somerville Ave #2, Somerville, MA, 02143

3beds
3baths
1,495sqft
$1,199,900
$803price/sqft
$7,672/moest. monthly cost
$306,880/yrincome needed

About This Home

NEW CONSTRUCTION featuring Open Concept Luxury Living. Double-thick granite waterfall island. White Oak Hardwood floors throughout. Luxury Thermador Appliances: 36” Range and Oven, Custom designed Hood, Pot Filler. Extra Large Primary Suite with Walk in Closet, XXL walk-in Shower, His/ Hers vanity with dual sinks, Marble tile floors. Outdoor deck balcony overlooking exceptional Conway Park. 2 Valet Garage Parking Spaces. Smart Home control features. Positioned perfectly in the middle of Union Square, Porter Square and Harvard University, this is the most conveniently located home in Somerville! Exclusive storage space. Short walk to Restaurants, Shopping, Greentown Labs, amenities galore. The best “yard” in town sits across the street; Soccer and baseball fields, Basketball and Tennis Courts, Hockey/ Ice Skating Rink, Playground and Splashpad. This "Best-in-Class" home is a must see!

Getting Around

94
WalkingWalker's Paradise
79
TransitExcellent Transit
93
BikeBiker's Paradise

Schools

Construction

Condition

  • Year built: 2025

Materials

  • Roof: Rubber
  • Construction materials: Conventional (2x4-2x6)

Notable Dates

  • Major remodel year: 2025

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Range Hood,Other
  • Laundry features: In Unit

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • High Speed Internet
  • Flooring: Tile,Marble,Hardwood
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 1,495

Heating & Cooling

  • Heating features: Central,Forced Air
  • Cooling features: Central Air,Window Unit(s)

Interior Area

  • Total structure area: 1,495
  • Total interior livable area: 1,495 sqft

Master Bathroom

  • Features: Yes

Property

Details

  • Zoning: NR

Features

  • Patio & porch: Covered
  • Exterior features: Covered Patio/Deck,Balcony,Rain Gutters,Other

Lot

  • Lot size: 2,552 sqft

Parking

  • Total spaces: 2
  • Parking features: Detached,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $6,067$72,804
Home Insurance *$242$2,904
Property Taxes $1,009$12,108
Electricity $354$4,259
Total$7,672$92,064
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$263,040/yr
40% on housing$230,160/yr
45% on housing$204,586/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.6%
7.6%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.5%
0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$803This listing

vs Other Active Listings

Avg $/sqft

ZIP 02143$558
Middlesex County$437

vs Homes Sold Last Month

Median $/sqft

ZIP 02143$805
Middlesex County$413

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-08Listed for sale$1,299,000
2026-04-01Listing removed$1,299,990
2025-12-09Listed for sale$1,299,990

For Sale by Agent

AgentCraig Shepherd
BrokerageBerkshire Hathaway HomeServices Commonwealth Real Estate

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